Tourism Numbers in Panama Don't MatchTourism companies have denounced underspending in the budget for international promotion of the country and assert that the official figures for hotel occupancy are not real.Tuesday, May 19, 2015
Industry representatives argue that the hotel occupancy rate published by the Tourism Authority merely represents a sample of some large hotels in the capital ", while data from hotels in the interior of the country are not even taken into account in the statistics. Added to this problem is the low implementation of the budget for marketing tourism in the country. According to a report by the ATP, "... as of April 30, 2015, not a single penny has been invested of the $2 million earmarked for the development of Panama as a country brand." Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Hotel Price War Continues in PanamaMarch 2015 While occupancy rates and average prices continue to fall, the Panamanian hotel market is preparing to increase its supply by another 1,200 rooms at the end of the year. Panama: Hotel Supply Exceeds DemandDecember 2011 More rooms on offer will mean a 50% occupancy rate for hotels in the coming year. Still Not Enough Tourists For So Many HotelsAugust 2011 Hotel occupancy in Panama has dropped by two percentage points in the first months of the year, and it is estimated that by 2012 the occupancy rate will fall to 38%. Too Many Hotels in Panama?April 2011 If growth in the number of tourists doesn’t reach 25% per year, hotel occupancy will fall from the 74% seen in the first quarter of 2001, to just 50% over the coming years.
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